Revvity (RVTY) Revenue — Quarter Ended Jul 2, 2023
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined compared to the same quarter one year earlier.
Key takeaway
Quarter ended Jul 2, 2023 · FY2023 Q2
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$709.1M
Revenue reported for this quarter.
Quarter-over-quarter
+5.1%
Change from the immediately preceding quarter.
Year-over-year
-20.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Oct 2, 2022 | $711.8M | +169.9% |
| Jan 1, 2023 | $741.2M | -27.9% |
| Apr 2, 2023 | $674.9M | -29.9% |
| Jul 2, 2023 | $709.1M | -20.8% |
Revenue performance
The reported revenue direction is upward from the prior quarter, reversing the decline seen in the previous sequential period.
Quarterly comparison
Compared to the immediately preceding quarter, revenue grew. Compared to the same quarter one year earlier, revenue was lower.
What to watch
The year-over-year revenue decline warrants attention given the sequential improvement.